Toronto Condo Market Report March-April 2020

16 March 2020
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The real question is not how strong the current real estate market is; but what will be the impact of the Coronavirus (Covid-19) versus the impact of lower mortgage rates and a lower stress test going forward.


Toronto Condo Market Report February-March 2020

25 February 2020
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Sales results from January confirm that this will be a strong real estate year – not just in sales but for prices too. In January, sales were up by 15% over January of last year. But to put this in perspective, they matched January sales from 2016!


Toronto Condo Market Report November-December 2019

19 November 2019
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October sale numbers from TREB provides two continuing trends. With 8491 sales (up 14% from October of 2018), this is the best October (with the exception of 2016) for the last six years. Yes, the resale market is back to normal levels.


Toronto Condo Market Report October-November 2019

17 October 2019
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September was another solid month for sales, which clearly confirmed the upward market direction of this market. Sales were 22% higher than for September of last year. But this number is also slightly below the peak September years of 2016 and 2015.


Toronto Condo Market Report September-October 2019

19 September 2019
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TREB reported 7,711 sales for August. We would describe this number as a return to more ‘normalized’ sales levels. While sales were lower than July, this is in-line with seasonal sales figures. We would also expect that September sales would be slightly lower again, before an uptick in October.


Toronto Condo Market Report August-September 2019

20 August 2019
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TREB sales for July at 8595 units were 24% higher than July of 2018, and 46% higher than in July of 2017. Sounds impressive but July sales in 2016 and 2015 were actually 15% higher than in 2019! The real takeaway is that the summer/seasonal drop in sales from June to July was only 3% in 2019. That is the lowest drop in the last five years and a strong indicator that the Toronto real estate market is on solid ground


Condo Market Report July-August 2019

17 July 2019
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June sales on TREB were 8860 units. Even though they were 10% higher than June of last year, we now know how this year will unfold. May will be the peak sales month this year, and we will finish the year with 84,000 sales – 8% higher than 2018 and slightly less than 2010!


Condo Market Report June-July 2019

05 June 2019
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Sales for May on TREB reached 9,989 units (we predicted 10,000 earlier in May). That is 19% higher than May of 2018. But before anyone thinks we are back to a ‘boom’ market, realize that the average over the last ten years for sales in May was 10,300 units


Condo Market Report May-June 2019

14 May 2019
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he head line from TREB’s Report was over 9,000 sales in April – up 17% over April of last year. This was the biggest sales month since May of 2017.


Condo Market Report April-May 2019

16 April 2019
Remax-Condos-Plus

Sales for March at 7200 units matched those of March of last year. What does that mean? If you had expected a bounce back from last year’s sales numbers, then you would be disappointed. Year-to-date, 2019 is dead even with 2018.